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DOW   39,807.37
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:CCLD

CareCloud (CCLD) Stock Price, News & Analysis

$1.16
-0.02 (-1.69%)
(As of 03/28/2024 ET)
Today's Range
$1.15
$1.19
50-Day Range
$1.11
$1.53
52-Week Range
$0.68
$3.81
Volume
14,511 shs
Average Volume
56,492 shs
Market Capitalization
$18.70 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.17

CareCloud MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
173.0% Upside
$3.17 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of CareCloud in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.81) to ($0.40) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.25 out of 5 stars

Medical Sector

372nd out of 938 stocks

Prepackaged Software Industry

89th out of 197 stocks

CCLD stock logo

About CareCloud Stock (NASDAQ:CCLD)

CareCloud, Inc., a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services. Its technology-enabled business solutions comprise revenue cycle management services, healthcare claims clearinghouse, and medical coding and credentialing services; electronic health records, practice management software and related capabilities, patient experience management solutions, business intelligence and healthcare analytics platforms, and customized applications, interfaces, and various other technology solutions, as well as artificial intelligence, such as CareCloud cirrusAI, AI-powered clinical decision support, AI-powered virtual support assistant, AI-driven appeals, and CareCloud cirrusAI. In addition, the company provides chronic care management, remote patient monitoring, and telemedicine solutions; and professional and consulting services, workforce augmentation and on-demand staffing, and strategic advisory services. Further, it offers medical practice management services to medical practices comprising appropriate facilities, equipment, supplies, support services, nurses, and administrative support staff, as well as management, bill-paying, and financial advisory services. It serves physicians, nurses, nurse practitioners, physician assistants, and other clinicians that render bills for their services. The company was formerly known as MTBC, Inc. and changed its name to CareCloud, Inc. in March 2021. CareCloud, Inc. was founded in 1999 and is headquartered in Somerset, New Jersey.

CCLD Stock Price History

CCLD Stock News Headlines

CareCloud (NASDAQ:CCLD) Receives Buy Rating from Benchmark
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CareCloud (NASDAQ:CCLD) Upgraded by Maxim Group to Buy
CareCloud, Inc: CareCloud Reports Full Year 2023 Results
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CareCloud Reports Full Year 2023 Results
Mahmud Haq Bought 11% More Shares In CareCloud
CareCloud Director Trades Company's Stock
See More Headlines
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Company Calendar

Last Earnings
3/02/2023
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:CCLD
Previous Symbol
NASDAQ:MTBCP
Employees
3,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.17
High Stock Price Target
$3.50
Low Stock Price Target
$3.00
Potential Upside/Downside
+173.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-48,670,000.00
Pretax Margin
-41.89%

Debt

Sales & Book Value

Annual Sales
$117.06 million
Cash Flow
$0.65 per share
Book Value
$2.63 per share

Miscellaneous

Free Float
10,573,000
Market Cap
$18.70 million
Optionable
Optionable
Beta
1.12
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Key Executives

  • Mr. A. Hadi Chaudhry (Age 47)
    President, CEO & Director
    Comp: $615k
  • Mr. Norman S. Roth (Age 68)
    Interim CFO, Principal Accounting Officer & Controller
  • Mr. Steve Link
    Chief Operating Officer
  • Mr. Adeel Sarwar
    Chief Technology Officer
  • Ms. Nathalie Garcia
    Chief Compliance Officer & Corporate Counsel
  • Chantelle Melendez
    Corporate Counsel
  • Kaitlyn Mode
    Corporate Communications Manager
  • Mr. Mike Cuesta
    Chief Marketing Officer
  • Mr. Justin Pierce
    Chief Sales Officer
  • Ms. Elizabeth Ferrer
    Vice President of Human Resources

CCLD Stock Analysis - Frequently Asked Questions

Should I buy or sell CareCloud stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CareCloud in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CCLD shares.
View CCLD analyst ratings
or view top-rated stocks.

What is CareCloud's stock price target for 2024?

4 Wall Street analysts have issued 12-month price objectives for CareCloud's stock. Their CCLD share price targets range from $3.00 to $3.50. On average, they predict the company's share price to reach $3.17 in the next year. This suggests a possible upside of 173.0% from the stock's current price.
View analysts price targets for CCLD
or view top-rated stocks among Wall Street analysts.

How have CCLD shares performed in 2024?

CareCloud's stock was trading at $1.52 at the start of the year. Since then, CCLD shares have decreased by 23.7% and is now trading at $1.16.
View the best growth stocks for 2024 here
.

When is CareCloud's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CCLD earnings forecast
.

How were CareCloud's earnings last quarter?

CareCloud, Inc. (NASDAQ:CCLD) announced its quarterly earnings data on Thursday, March, 2nd. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by $0.02. The firm had revenue of $32.53 million for the quarter, compared to the consensus estimate of $33.86 million. CareCloud had a negative net margin of 41.58% and a negative trailing twelve-month return on equity of 60.57%. During the same period in the previous year, the business earned ($0.01) earnings per share.

What guidance has CareCloud issued on next quarter's earnings?

CareCloud updated its FY 2024 earnings guidance on Thursday, March, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $118.0 million-$120.0 million, compared to the consensus revenue estimate of $124.7 million.

Who are CareCloud's major shareholders?

CareCloud's stock is owned by a variety of retail and institutional investors. Top institutional investors include Gabelli Funds LLC (0.38%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include A Hadi Chaudhry, Anne Busquet, Bill Korn, Lawrence Steven Sharnak, Mahmud Ul Haq and Stephen Andrew Snyder.
View institutional ownership trends
.

How do I buy shares of CareCloud?

Shares of CCLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CCLD) was last updated on 3/29/2024 by MarketBeat.com Staff

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